Grand Bank (Grand Bank) Tax Expense : $ Mil (TTM As of . 20)

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What is Grand Bank Tax Expense?

Grand Bank's tax expense for the months ended in . 20 was $0.00 Mil.

Grand Bank Tax Expense Historical Data

The historical data trend for Grand Bank's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grand Bank Tax Expense Chart

Grand Bank Annual Data

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Grand Bank Quarterly Data

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Grand Bank Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Grand Bank (OTCPK:GABK) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Grand Bank Tax Expense Related Terms

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Grand Bank (Grand Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grand Bank Corp (OTCPK:GABK) » Definitions » Tax Expense

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Traded in Other Exchanges

N/A

Address

91 Pleasant Street, P.O. Box 4, Marblehead, MA, USA, 01945-3310

Website

https://www.ngbank.com

Grand Bank Corp provides various banking products and services. The company offers personal and business checking and savings accounts; money market and merchant accounts; credit and debit cards; convenience services; certificates of deposit and retirement services; types of mortgages.

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